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Areas of Study

ACC651M Auditing Procedures

Course Description

The second in a two course sequence. Auditing procedures (compliance and substantive) for cash, receivables, inventory, payables, long-term debt, equity balances and related income statement accounts. Writing of auditor's reports, including special reports, and review/compilation reports in accordance with AICPA standards.

Learning Outcomes

Assess and resolve deficiencies that may be present in financial statement audit reports and other types of reports commonly prepared by CPAs.

Analyze one or more cases that involve the evaluation of internal control.

Analyze one or more cases that involve risk assessment and resolution of client issues.

Analyze one or more cases that involve accounting fraud, litigation and auditor liability.

Analyze one or more cases that involve the assessment of information technology controls.

Research a topic related to the audit of financial statements or management fraud relating to financial reporting, and write a paper with appropriate content and format.